Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Union Savings Bank

Union Savings Bank boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 166.7% in the 4th quarter, Holdings Channel reports. The fund owned 200 shares of the company’s stock after buying an additional 125 shares during the period. Union Savings Bank’s holdings in Marriott International were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of MAR. ORG Partners LLC lifted its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new position in shares of Marriott International during the 4th quarter worth about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $31,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Marriott International in the fourth quarter worth about $33,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David S. Marriott sold 2,878 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total transaction of $716,449.32. Following the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold 7,027 shares of company stock worth $1,760,671 in the last ninety days. Insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of a number of recent research reports. Robert W. Baird raised their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company decreased their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Truist Financial lifted their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Argus raised their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $241.33.

Marriott International Stock Performance

MAR traded down $0.51 during trading on Thursday, reaching $235.02. The company’s stock had a trading volume of 314,179 shares, compared to its average volume of 1,414,559. The company’s fifty day moving average price is $244.40 and its 200-day moving average price is $233.02. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The company has a market capitalization of $67.13 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 4.50 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. Equities analysts predict that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.63 dividend. The ex-dividend date is Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. Marriott International’s dividend payout ratio is currently 21.47%.

Marriott International Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.